MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0326%/8h= +35.7% APRnext payment +$1.63 per $10,000 · paid last 24h +0.060%

Price spread now: BingX against OKX+0.203%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1061.064% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 7 days−0.144%−$14 · spread now +0.203%, 7d avg 0.000%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.204% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of 0.000%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009339	0.0100	pay 0.0050% / 4h	1h 57m	$986K	$967K	20x
Short	BingX MOVE-USDT	0.009358	0.0426	get 0.0213% / 4h	1h 57m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BingXbpOrdersPrice spread, now +0.203%Rate

Funding earned: $68.46
Price spread: +0.203% → 0.000%: $20.37
Slippage, 4 orders: −$86.43
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.6
Costs to cover: 1.064%
Break-even: 8.8 days

Slippage from OKX: live order book, 49 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 49 min ago	2.17 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.34 bp	20.7 bp −$21	71.0 bp −$710	632.7 bp −$63.3K	1019.2 bp −$509.6K

MOVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MOVE/USDC PERP	−0.0885%	1h	0.009310	−0.311%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009361	+0.236%	$233K	$204K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009350	+0.118%	$2.0M	$656K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009339	long leg	$986K	$967K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009340	+0.011%	$410K	$264K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.225%	$1.2M	$28K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009354	+0.161%	$855K	$414K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009338	−0.008%	$6K	$1K	—	as long as short
Binance MOVEUSDT	+0.0387%	4h	0.009349	+0.110%	$2.0M	$4.5M	25x	as long as short
Aster MOVEUSDT	+0.0406%	4h	0.009381	+0.449%	$10K	$11K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0424%	1h	0.009353	+0.151%	$11K	$165K	5x	as long as short
MEXC MOVE_USDT	+0.0426%	4h	0.009356	+0.182%	$3.8M	$214K	20x	as long as short
BingX MOVE-USDTshort	+0.0426%	4h	0.009358	+0.203%	—	$6.5M	—
BloFin MOVE-USDT	+0.0478%	4h	0.009336	−0.032%	$116K	$5K	75x	as long as short